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Annual Report 2008-09terms of the Exemption Letter, a statement containing brief financial details of the Company's subsidiaries forthe year ended March 31, 2009 is included in the Annual Report. The annual accounts of these subsidiaries andthe related detailed information will be made available to any Member of the Company/its subsidiaries seekingsuch information at any point of time and are also available for inspection by any Member of the Company/itssubsidiaries at the Registered Office of the Company. The annual accounts of the said subsidiaries will also beavailable for inspection, as above, at the Head Offices/Registered Offices of the respective subsidiarycompanies.16. Fixed DepositsThe Company has not accepted any public deposits and, as such, no amount on account of principal or intereston public deposits was outstanding as on the date of the Balance Sheet.17. DirectorsProf. Clayton M. Christensen and Mr. Aman Mehta, Directors, retire by rotation and being eligible have offeredthemselves for re-appointment. Mr. Naresh Chandra, Director, would also be retiring by rotation at the ensuingAnnual General Meeting. However, Mr. Naresh Chandra has not offered himself for re-appointment, in view ofthe retirement age for Non-Executive Directors, as per the Group Policy adopted by the Company.18. AuditorsM/s. Deloitte Haskins & Sells, Chartered Accountants, who are the statutory auditors of the Company, holdoffice, in accordance with the provisions of the Act upto the conclusion of the forthcoming Annual GeneralMeeting and are eligible for re-appointment.19. Particulars of employeesInformation as required under Section 217(2A) of the Act, read with the Companies (Particulars of Employees)Rules, 1975, as amended, are given in an Annexure forming part of this report.20. Conservation of energy, technology absorption, foreign exchange earnings and outgoThe particulars as prescribed under section 217(1)(e) of the Act, read with the Companies (Disclosure ofParticulars in the Report of Board of Directors) Rules, 1988, are set out in an annexure to this report.21. AcknowledgementsThe Directors thank the Company's customers, vendors, investors, business associates, bankers and academicinstitutions for their support to the Company.The Directors also thank the Government of India, the Governments of various countries, the concernedState Governments, Government Departments and Governmental Agencies for their co-operation.The Directors appreciate and value the contributions made by every member of the TCS family across theworld.On behalf of the Board of Directors,MumbaiApril 20, 2009R. N. TataChairman28
Annexure to the Directors’ ReportParticulars pursuant to Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988CONSERVATION OF ENERGYThe operations of the Company involve low energy consumption. Adequate measures have, however, been taken toconserve energy.TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONThe Company continues to use the latest technologies for improving the productivity and quality of its services andproducts.RESEARCH & DEVELOPMENT (R&D)Specific areas in which R&D was carried out by the CompanyTCS' Chief Technology Office (CTO) and R&D function align closely to support TCS' business objectives. iConnect, theInnovations marketing group, owns the mission of facilitating better communication between the CTO and R&Dfunctions, and all stakeholders inside and outside TCS. The Innovations Go-to-market team supports the sales teamsto win new businesses. The Industry Solution Unit (ISU) interface works on creating solutions based on R&D from theInnovation Labs and the Co-Innovation partners. Co-Innovation comes alive for customers in 'Co-Innovation Days' heldfor each strategic customer.TCS' Research is focused on enhancing outcomes that customers expect from IT as well as in Business. MasterCraft andother tools have increased efficiency and productivity. TCS' InstantApps Technology, enabling flexible and collaborativeapplication development, has delivered agility and savings. With managed evolution of IT infrastructures,SURe (Sense Understand Respond) framework has helped customers reduce complexity and costs. Web 2.0 toolsenabled Insurance and retail customers get close to their customers, bringing in innovative business models. TCScontinues to help engineering industries with process tools that optimize performance.TCS' Co-innovation Network ("COIN") has expanded, forging new alliances. Stronger links have been created withIndian Institutes of Technology; work is in progress with several startups on leading edge solutions in GPRS (GeneralPacket Radio Service) and RFID (Radio Frequency Identification) (for asset tracking), Analytics (for Dynamic pricing)Web 2.0 (Enterprise networking and collaboration); TCS' carbon footprint is being studied to further TCS' internalgreen initiative with several Co-innovation Network partners. Customers are continued to be helped to create theirown innovation networks based on TCS' network.The CTO Incubation Group, focusing on big bets from 'Inception to Implementation' has made good progress withsolutions and services in the areas of advertising ecosystems, mobile value-added services and digital devices. TheCorporate Tools group promotes the use of tools and enables business units to deliver continuously improvingproductivity and quality of services to customers.Internally, TCS CTO and R&D, sponsored several initiatives to foster TCS' culture of innovation. The TCS Top 10 codingchallenge open to associates across organizational units in the enterprise, created a buzz among programmers inevery region and geography. Web 2.0 platforms such as JustAsk and IdeaMax were deployed to capture tacitknowledge as well as innovative ideas within the enterprise and were adopted eagerly.The Company's R&D function has grown with the number of PhDs more than doubled and has attracted top talentfrom notable universities across the world. Further, the research internship program brings interns from many worldclass universities.TCS has hosted and participated in several events, creating a rich and interactive environment for the researchers.The 7 th TCS Excellence in Computer Science Week (TECS Week 2009) was held at the TCS Innovation Labs with experts29
Page 1 and 2: Annual Report 2008 - 09agilityina D
Page 3 and 4: ContentsBoard of Directors 2Our Lea
Page 5 and 6: Laura M ChaIndependentDirectorDr. R
Page 7 and 8: N ChandrasekaranChief Operating Off
Page 9 and 10: Your Company remained focused on he
Page 11 and 12: "TCS is a valued customer, supplier
Page 13 and 14: “Nielsen is moving quickly to tra
Page 19 and 20: Board of DirectorsR N Tata (Chairma
Page 21 and 22: Management TeamFunctionNameIndustry
Page 23 and 24: 3. DividendBased on the Company's p
Page 25 and 26: The Company has also been rated by
Page 27 and 28: 11. Corporate SustainabilityIn keep
Page 29: 13. Corporate Governance Report and
Page 33 and 34: Expenditure on R&D(Rs. in crore)Yea
Page 35 and 36: Sr. Name Age Designation Gross Net
Page 49 and 50: DECLARATION REGARDING COMPLIANCE BY
Page 51 and 52: Chart 3: IT Services spends by indu
Page 53 and 54: B. FOCUS AREAS OF THE COMPANY1. Vis
Page 55 and 56: 2.6 Organisation: From April 2008,
Page 57 and 58: Company also offers PerformanceMana
Page 59 and 60: 4. R&D and Innovation Labs: TCS est
Page 61 and 62: Chart 24: Diversity: Global work fo
Page 63 and 64: The Company’s ability to bid for
Page 65 and 66: Corporate Governance practices and
Page 67 and 68: TCS LIMITED (UNCONSOLIDATED)RESULTS
Page 69 and 70: eduction in cost of software licens
Page 71 and 72: FINANCIAL POSITION - TCS LIMITED(UN
Page 73 and 74: Deferred tax assets (net)Details of
Page 75 and 76: Cash flow from investing activities
Page 77 and 78: RevenuesRevenues from operationsThe
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obligations under finance lease was
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Rs.137.03 crore as at March 31, 200
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COMPANY'S CONSOLIDATED PERFORMANCE
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INTERNAL CONTROL SYSTEMS AND THEIR
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Name of Category Number of Board Wh
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(v)The composition of the Audit Com
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(ix)Group Health Insurance as separ
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Capital and revenue budgets and cap
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(vi)Market Price Data:High, Low (ba
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(xi) Shareholding as on March 31, 2
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COMPLIANCE CERTIFICATETO THE MEMBER
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ANNEXURE TO THE AUDITORS' REPORT(Re
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trading in shares, securities, debe
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INCOMEProfit and Loss Account for t
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Schedules forming part of the Balan
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Schedules forming part of the Profi
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SCHEDULE ‘Q’ - NOTES TO ACCOUNT
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services are rendered. Revenue from
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3) The Company has given undertakin
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The estimate of future salary incre
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Particulars Geographic Segment (Rs.
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ii) TCS Financial Solutions Austral
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(Rs. in crores)Particulars Holding
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(Rs. in crores)2009 2008Remuneratio
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19) Micro and Small Enterprises(Rs.
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Number of Number of Gross AmountNon
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No. of Shares* Tata Consultancy Ser
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AUDITORS’ REPORT ON CONSOLIDATED
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Consolidated Profit and Loss Accoun
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Schedules forming part of the Conso
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SCHEDULE ‘D’UNSECURED LOANSSche
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e) DepreciationDepreciation other t
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Dividends are recorded when the rig
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Name of the Company Country of Perc
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3) Acquisitions / Divestmenta) On M
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Funded retirement benefits Indian F
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7) Unbilled revenue as at March 31,
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Particulars Geographic Segment (Rs.
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B) Transactions with related partie
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2009 2008(Rs. in crores)(Rs. in cro
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Net loss on derivative instruments
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Rs. in croresSr. Name of the Subsid
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Awards and RecognitionsWall Street
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